Flameback Capital, is aspiring to register as an Alternative Investment Fund (Category III) which leverages years of research, trading and development of successful trading systems that consistently deliver above-par absolute returns.

We have spent over 7 years focused on the development and testing of trading strategies that have been codified as ‘trading systems’. We have deployed these trading systems  on our trading book and many have consistently outperformed the market

We have completely optimized trading systems, execution framework and reporting to ensure clients to get a superior, reliable return on investment. These systems are the result of years of research and real trading activity. The strategies vary from trend following to pair trading to mid cap opportunity spotting trading strategies.

Meet the Team

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Kishan Murjani Nair, Director & Principal

Kishan has 6 years of experience working in Percentage Play and over 10 years of trading experience. He’s passed level 2 of the CFA program. His key role will be to guide the development of fundamental based systems and fundamental research.


Nikhil Behl, Director and Fund Manager

Nikhil worked in Percentage Play for four years and nearly 15 years of experience trading the markets. He’s an engineering graduate. His key role well be in guiding development of technical trading systems, researching new trading strategies and implementing our trading strategies


Malay Sarkar, CTO

Malay has nearly 8 years of experience in large sized and startup companies. He’s completed Master of Sciences (MS) programme from BITS Pilani. His key role will be in developing our investment research and trade execution technology platform.


Angshuman Chowdhury, Chief Investment Philosopher

Angshuman is the founder of Percentage Play and has over 35+ years of experience in the financial field. He’s an alumnus of IIT Kharagpur. He will be part of the investment committee and play the role of a mentor